French luxury conglomerate PPR, which owns stakes in Stella McCartney

and Alexander McQueen,is investing in Scottish design star Christopher Kane.

Following on from rumours which surfaced in November , the luxury

conglomerate PPR has today confirmed that it has bought a 51 per cent stake

in the business of London Fashion Week label Christopher Kane.

WWD reports how Kane’s new parent company will seek to accelerate

the expansion of the Scot’s eponymous label, by opening a first stand-alone store in

London next year, and the implementation of a secondary ready-to-wear line.

“ In just a few years, he [Kane] has built a very distinctive and exciting

DNA“ said François-Henri Pinault, PPR’s chairman and chief executive.

The 30 year-old Central Saint Martins graduate will be keeping good company in

the PPR stable: other brands under its umbrella include fellow London-based

labels Stella McCartney and Alexander McQueen,

alongside Saint Laurent, Gucci and Balenciaga.

Source: telegraph.co.uk